Elevation Point Wealth Partners LLC Buys New Stake in Jacobs Solutions Inc. $J

Elevation Point Wealth Partners LLC bought a new position in Jacobs Solutions Inc. (NYSE:J) during the 1st quarter, Holdings Channel reports. The fund bought 4,202 shares of the company’s stock, valued at approximately $535,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of J. Measured Wealth Private Client Group LLC bought a new stake in Jacobs Solutions during the third quarter valued at about $27,000. Princeton Global Asset Management LLC bought a new position in shares of Jacobs Solutions in the fourth quarter worth about $30,000. Central Pacific Bank Trust Division acquired a new position in shares of Jacobs Solutions during the 4th quarter worth about $31,000. Wealth Watch Advisors INC acquired a new position in shares of Jacobs Solutions during the 3rd quarter worth about $33,000. Finally, International Assets Investment Management LLC acquired a new stake in Jacobs Solutions in the 4th quarter valued at approximately $38,000. Institutional investors and hedge funds own 85.65% of the company’s stock.

Jacobs Solutions Stock Performance

Shares of NYSE J opened at $129.91 on Thursday. The firm has a market capitalization of $15.34 billion, a price-to-earnings ratio of 40.35, a PEG ratio of 1.26 and a beta of 0.69. Jacobs Solutions Inc. has a one year low of $105.68 and a one year high of $168.44. The business has a fifty day simple moving average of $121.63 and a 200 day simple moving average of $129.65. The company has a current ratio of 1.43, a quick ratio of 1.43 and a debt-to-equity ratio of 1.24.

Jacobs Solutions (NYSE:J) last posted its quarterly earnings results on Tuesday, May 5th. The company reported $1.75 earnings per share for the quarter, topping analysts’ consensus estimates of $1.64 by $0.11. The firm had revenue of $2.33 billion for the quarter, compared to the consensus estimate of $2.28 billion. Jacobs Solutions had a net margin of 2.92% and a return on equity of 22.29%. The business’s revenue was up 8.9% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.43 earnings per share. Jacobs Solutions has set its FY 2026 guidance at 7.100-7.350 EPS. Sell-side analysts expect that Jacobs Solutions Inc. will post 7.23 EPS for the current year.

Jacobs Solutions Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, June 19th. Stockholders of record on Friday, May 22nd were given a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a dividend yield of 1.1%. The ex-dividend date was Friday, May 22nd. Jacobs Solutions’s payout ratio is 44.72%.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on J shares. KeyCorp cut their price target on Jacobs Solutions from $154.00 to $150.00 and set an “overweight” rating for the company in a report on Wednesday, May 6th. Robert W. Baird dropped their target price on shares of Jacobs Solutions from $130.00 to $126.00 and set a “neutral” rating on the stock in a research report on Monday, April 13th. Weiss Ratings cut shares of Jacobs Solutions from a “hold (c)” rating to a “hold (c-)” rating in a research note on Wednesday, May 6th. Truist Financial reduced their price target on shares of Jacobs Solutions from $150.00 to $149.00 and set a “hold” rating for the company in a report on Thursday, July 2nd. Finally, Wall Street Zen lowered shares of Jacobs Solutions from a “buy” rating to a “hold” rating in a research report on Saturday, May 9th. Six investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $153.10.

Insider Transactions at Jacobs Solutions

In other Jacobs Solutions news, Director Manuel J. Fernandez purchased 253 shares of the business’s stock in a transaction on Wednesday, May 13th. The stock was purchased at an average price of $112.56 per share, for a total transaction of $28,477.68. Following the completion of the purchase, the director directly owned 12,504 shares in the company, valued at approximately $1,407,450.24. This trade represents a 2.07% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Robert V. Pragada acquired 3,601 shares of the firm’s stock in a transaction on Friday, May 15th. The shares were bought at an average cost of $111.09 per share, for a total transaction of $400,035.09. Following the completion of the acquisition, the chief executive officer directly owned 333,755 shares of the company’s stock, valued at approximately $37,076,842.95. This represents a 1.09% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. In the last three months, insiders purchased 4,257 shares of company stock worth $477,651. 0.48% of the stock is currently owned by insiders.

Jacobs Solutions Company Profile

Jacobs Solutions Inc, commonly known as Jacobs, is a global professional services firm that provides technical, engineering, scientific and project delivery expertise across a broad range of industries. Founded in 1947 by Joseph J. Jacobs in Pasadena, California, the company evolved from a regional engineering consultancy into a diversified provider of design, program and construction management, operations and maintenance, and scientific services for complex infrastructure and industrial programs.